Two of the Funds announced dividend adjustments this month. BlackRock
S&P Quality Rankings Global Equity Managed Trust (NYSE AMEX:BQY)
announced a dividend increase. This increase takes into account BQY’s
earnings potential in light of the changes to its investment strategy
announced on February 16, 2010 and BQY’s increased use of its
option-writing strategy to enhance current gains. BlackRock Insured
Municipal Term Trust Inc. (NYSE:BMT) announced a dividend reduction. BMT
is a term trust that matures on or about December 31, 2010. BMT’s
dividend reduction reflects its earnings potential as well as its
efforts to seek its investment objective of returning $10 per common
share (the initial public offering price per common share) to common
shareholders at maturity.

Municipal Funds:

Declaration- 8/2/2010

Ex-Date- 8/12/2010

Record- 8/16/2010

Payable- 9/1/2010

National Funds

Ticker

Dividend

Change From Prior

Dividend

BlackRock Apex Municipal Fund, Inc.

APX

$0.044000

-

BlackRock Insured Municipal Income Trust

BYM

$0.074000

-

BlackRock Insured Municipal Income Investment Trust

BAF

$0.073500

-

BlackRock Insured Municipal Term Trust Inc.

BMT

$0.005000

-$0.010000

BlackRock Investment Quality Municipal Income Trust

RFA

$0.070000

-

BlackRock Long-Term Municipal Advantage Trust

BTA

$0.059500

-

BlackRock Muni Intermediate Duration Fund, Inc.

MUI

$0.068000

-

BlackRock MuniAssets Fund, Inc.

MUA

$0.062500

-

BlackRock Municipal 2018 Term Trust

BPK

$0.078000

-

BlackRock Municipal 2020 Term Trust

BKK

$0.062250

-

BlackRock Municipal Bond Trust

BBK

$0.085000

-

BlackRock Municipal Bond Investment Trust

BIE

$0.078800

-

BlackRock Municipal Income Trust

BFK

$0.078600

-

BlackRock Municipal Income Trust II

BLE

$0.081000

-

BlackRock Municipal Income Investment Trust

BBF

$0.075375

-

BlackRock MuniEnhanced Fund, Inc.

MEN

$0.057000

-

BlackRock MuniHoldings Fund II, Inc.

MUH

$0.080500

-

BlackRock MuniHoldings Fund, Inc.

MHD

$0.086000

-

BlackRock MuniHoldings Insured Fund II, Inc.

MUE

$0.073500

-

BlackRock MuniHoldings Insured Fund, Inc.

MUS

$0.074000

-

BlackRock MuniHoldings Insured Investment Fund

MFL

$0.073000

-

BlackRock MuniVest Fund II, Inc.

MVT

$0.086000

-

BlackRock MuniVest Fund, Inc.

MVF

$0.056000

-

BlackRock MuniYield Fund, Inc.

MYD

$0.080000

-

BlackRock MuniYield Insured Fund, Inc.

MYI

$0.071000

-

BlackRock MuniYield Insured Investment Fund

MFT

$0.071000

-

BlackRock MuniYield Investment Fund

MYF

$0.075000

-

BlackRock MuniYield Quality Fund II, Inc.

MQT

$0.067000

-

BlackRock MuniYield Quality Fund, Inc.

MQY

$0.077000

-

The BlackRock Investment Quality Municipal Trust, Inc.

BKN

$0.084000

-

The BlackRock Strategic Municipal Trust

BSD

$0.072500

-

State-Specific Funds

Ticker

Dividend

Change From Prior

Dividend

BlackRock California Municipal Income Trust

BFZ

$0.075700

-

BlackRock California Municipal 2018 Term Trust

BJZ

$0.072000

-

BlackRock MuniHoldings California Insured Fund, Inc.

MUC

$0.070500

-

BlackRock MuniYield California Fund, Inc.

MYC

$0.072000

-

BlackRock MuniYield California Insured Fund, Inc.

MCA

$0.068000

-

The BlackRock California Investment Quality Municipal Trust, Inc.

RAA

$0.058000

-

BlackRock Florida Municipal 2020 Term Trust, Inc.

BFO

$0.056000

-

BlackRock Maryland Municipal Bond Trust

BZM

$0.079000

-

BlackRock Muni New York Intermediate Duration Fund, Inc.

MNE

$0.058000

-

BlackRock MuniHoldings New York Insured Fund, Inc.

MHN

$0.078000

-

BlackRock MuniYield New York Insured Fund, Inc.

MYN

$0.070000

-

BlackRock New York Insured Municipal Income Trust

BSE

$0.070500

-

BlackRock New York Municipal 2018 Term Trust

BLH

$0.082000

-

BlackRock New York Municipal Bond Trust

BQH

$0.080500

-

BlackRock New York Municipal Income Trust

BNY

$0.082500

-

BlackRock New York Municipal Income Trust II

BFY

$0.082000

-

The BlackRock New York Investment Quality Municipal Trust, Inc.

RNY

$0.073000

-

BlackRock MuniHoldings New Jersey Insured Fund, Inc.

MUJ

$0.073000

-

BlackRock MuniYield New Jersey Fund, Inc.

MYJ

$0.070500

-

BlackRock MuniYield New Jersey Insured Fund, Inc.

MJI

$0.072000

-

BlackRock New Jersey Municipal Bond Trust

BLJ

$0.078000

-

BlackRock New Jersey Municipal Income Trust

BNJ

$0.077600

-

The BlackRock New Jersey Investment Quality Municipal Trust

RNJ

$0.065500

-

BlackRock MuniYield Arizona Fund, Inc.

MZA

$0.069500

-

BlackRock MuniYield Michigan Insured Fund II, Inc.

MYM

$0.071500

-

BlackRock MuniYield Michigan Insured Fund, Inc.

MIY

$0.075000

-

BlackRock MuniYield Pennsylvania Insured Fund

MPA

$0.072000

-

The BlackRock Pennsylvania Strategic Municipal Trust

BPS

$0.072500

-

BlackRock Virginia Municipal Bond Trust

BHV

$0.081500

-

Massachusetts Health & Education Tax-Exempt Trust

MHE

$0.070000

-

Taxable Funds:

Declaration- 8/2/2010

Ex-Date- 8/12/2010

Record- 8/16/2010

Payable- 8/31/2010

Fund

Ticker

Dividend

Change From Prior

Dividend

BlackRock Senior High Income Fund, Inc.

ARK

$0.025000

-

BlackRock Floating Rate Income Trust

BGT

$0.070000

-

BlackRock Strategic Bond Trust

BHD

$0.077000

-

BlackRock Core Bond Trust

BHK

$0.067000

-

BlackRock Defined Opportunity Credit Trust

BHL

$0.064000

-

The BlackRock High Yield Trust*

BHY

$0.043500

-

The BlackRock Income Trust, Inc.

BKT

$0.024000

-

BlackRock Limited Duration Income Trust

BLW

$0.085000

-

BlackRock Income Opportunity Trust, Inc.

BNA

$0.051000

-

BlackRock Credit Allocation Income Trust III*

BPP

$0.066500

-

BlackRock Credit Allocation Income Trust IV*

BTZ

$0.079000

-

BlackRock Corporate High Yield Fund, Inc.

COY

$0.051000

-

BlackRock Corporate High Yield Fund III, Inc.

CYE

$0.050000

-

BlackRock Debt Strategies Fund, Inc.

DSU

$0.029000

-

BlackRock Diversified Income Strategies Fund, Inc.*

DVF

$0.068500

-

BlackRock Enhanced Government Fund, Inc.*

EGF

$0.080000

-

BlackRock Floating Rate Income Strategies Fund, Inc.

FRA

$0.077000

-

BlackRock Floating Rate Income Strategies Fund II, Inc.*

FRB

$0.075000

-

BlackRock High Income Shares

HIS

$0.014200

-

BlackRock Corporate High Yield Fund VI, Inc.

HYT

$0.082500

-

BlackRock Corporate High Yield Fund V, Inc.

HYV

$0.082500

-

BlackRock Credit Allocation Income Trust I, Inc.*

PSW

$0.057000

-

BlackRock Credit Allocation Income Trust II, Inc.*

PSY

$0.063500

-

Equity Funds:

Declaration- 8/2/2010

Ex-Date- 8/12/2010

Record- 8/16/2010

Payable- 8/31/2010

Fund

Ticker

Dividend

Change From Prior

Dividend

BlackRock Global Opportunities Equity Trust*

BOE

$0.568750

-

BlackRock S&P Quality Rankings Global Equity Managed Trust*

BQY

$0.250000

$0.062500

* In order to comply with the requirements of Section 19 of the
Investment Company Act of 1940, as amended, each of the Funds noted
above posted to the DTC bulletin board and sent to their shareholders as
of the applicable record date a Section 19 notice with the previous
dividend payment. The Section 19 notice was provided not for tax
reporting purposes but for informational purposes only. This information
can be found in the “Closed-End Funds” section of www.blackrock.com.
If applicable, the final determination of the source and tax
characteristics of all distributions in 2010 will be made after the end
of the year.

BlackRock Enhanced Government Fund, Inc. (NYSE:EGF), BlackRock Global
Opportunities Equity Trust (NYSE:BOE) and BlackRock S&P Quality Rankings
Global Equity Managed Trust (NYSE AMEX:BQY) (collectively, the “Trusts”)
have adopted a level distribution plan (the “Plan”) and employ either a
managed distribution or an option over-write policy to support a level
distribution of income, capital gains and/or return of capital. The
fixed amounts distributed per share are subject to change at the
discretion of each Trust’s Board. Under its Plan, each Trust will
distribute all available investment income to its shareholders,
consistent with its primary investment objectives and as required by the
Internal Revenue Code of 1986, as amended (the “Code”). If sufficient
investment income is not available on a quarterly/monthly basis, the
Trust will distribute long-term capital gains and or return capital to
its shareholders in order to maintain a level distribution.

The Trusts’ estimated sources of the distributions paid as of July 30,
2010 or May 28, 2010, as applicable, and for their current fiscal year
are as follows:

Estimated Allocations as of July 30, 2010

Trust

Distribution

Net Investment

Income

Net Realized

Short-Term Gains

Net Realized

Long-Term Gains

Return of Capital

EGF1

$0.080000

$0.05091 (64%)

$0.00 (0%)

$0.00 (0%)

$0.02909 (36%)

Estimated Allocations as of May 28, 2010

Trust

Distribution

Net Investment

Income

Net Realized

Short-Term Gains

Net Realized

Long-Term Gains

Return of Capital

BOE1

$0.568750

$0.03013 (5%)

$0.00 (0%)

$0.00 (0%)

$0.53862 (95%)

BQY

$0.187500

$0.08290 (44%)

$0.08550 (46%)

$0.01910 (10%)

$0.00 (0%)

Estimated Allocations for the fiscal year through July 30, 2010.

Trust

Distribution

Net Investment

Income

Net Realized

Short-Term Gains

Net Realized

Long-Term Gains

Return of Capital

EGF1

$0.505000

$0.33777 (67%)

$0.00 (0%)

$0.00 (0%)

$0.16723 (33%)

Estimated Allocations for the fiscal year through May 28, 2010

Trust

Distribution

Net Investment

Income

Net Realized

Short-Term Gains

Net Realized

Long-Term Gains

Return of Capital

BOE1

$1.706250

$0.11575 (7%)

$0.00 (0%)

$0.00 (0%)

$1.59050 (93%)

BQY

$0.562500

$0.20960 (37%)

$0.20880 (37%)

$0.14410 (26%)

$0.00 (0%)

1 The Trust estimates that it has distributed more than its
income and capital gains in the current fiscal year; therefore, a
portion of your distribution may be a return of capital. A return of
capital may occur, for example, when some or all of the shareholder’s
investment is paid back to the shareholder. A return of capital
distribution does not necessarily reflect a Trust's investment
performance and should not be confused with ‘yield’ or ‘income’.

The amounts and sources of distributions reported are only estimates
and are not provided for tax reporting purposes. The actual amounts and
sources of the amounts for tax reporting purposes will depend upon the
Trust’s investment experience during the remainder of its fiscal year
and may be subject to changes based on tax regulations. The Trust will
send you a Form 1099-DIV for the calendar year that will tell you how to
report these distributions for federal income tax purposes.

Trust Performance and Distribution Rate Information:

Trust

Average annual total

return (in relation to NAV)

from inception

to June 30, 2010

Annualized current

distribution rate

expressed as a

percentage of NAV as

of June 30, 2010

Cumulative total

return (in relation to NAV)

for the fiscal year

through June 30, 2010

Cumulative fiscal

year distributions

as a percentage

of NAV as of

June 30, 2010

EGF

4.85%

5.73%

3.51%

2.54%

BOE

4.03% *

13.69%

-2.11%

10.27%

BQY

1.23% *

6.02%

-2.42%

4.52%

* Five year total return (in relation to NAV) as of June 30, 2010.

Shareholders should not draw any conclusions about a Trust’s
investment performance from the amount of the Trust’s current
distributions or from the terms of the Trust’s Plan.

About BlackRock

BlackRock is a leader in investment management, risk management and
advisory services for institutional and retail clients worldwide. At
June 30, 2010, BlackRock’s AUM was $3.151 trillion. BlackRock offers
products that span the risk spectrum to meet clients’ needs, including
active, enhanced and index strategies across markets and asset classes.
Products are offered in a variety of structures including separate
accounts, mutual funds, iShares® (exchange traded funds), and
other pooled investment vehicles. BlackRock also offers risk management,
advisory and enterprise investment system services to a broad base of
institutional investors through BlackRock Solutions®.
Headquartered in New York City, as of June 30, 2010, the firm has
approximately 8,500 employees in 24 countries and a major presence in
key global markets, including North and South America, Europe, Asia,
Australia and the Middle East and Africa. For additional information,
please visit the firm’s website at www.blackrock.com

Forward-Looking Statements

This press release, and other statements that BlackRock may make, may
contain forward-looking statements within the meaning of the Private
Securities Litigation Reform Act, with respect to BlackRock’s future
financial or business performance, strategies or expectations.
Forward-looking statements are typically identified by words or phrases
such as “trend,” “potential,” “opportunity,” “pipeline,” “believe,”
“comfortable,” “expect,” “anticipate,” “current,” “intention,”
“estimate,” “position,” “assume,” “outlook,” “continue,” “remain,”
“maintain,” “sustain,” “seek,” “achieve,” and similar expressions, or
future or conditional verbs such as “will,” “would,” “should,” “could,”
“may” or similar expressions.

BlackRock cautions that forward-looking statements are subject to
numerous assumptions, risks and uncertainties, which change over time.
Forward-looking statements speak only as of the date they are made, and
BlackRock assumes no duty to and does not undertake to update
forward-looking statements. Actual results could differ materially from
those anticipated in forward-looking statements and future results could
differ materially from historical performance.

With respect to each Fund, the following factors, among others, could
cause actual events to differ materially from forward-looking statements
or historical performance: (1) changes in political, economic or
industry conditions, the interest rate environment or financial and
capital markets, which could result in changes in the Fund’s net asset
value; (2) the performance of the Fund’s investments; (3) the impact of
increased competition; (4) the extent and timing of any distributions or
share repurchases; (5) the impact of legislative and regulatory actions
and reforms and regulatory, supervisory or enforcement actions of
government agencies relating to the Fund or BlackRock, as applicable;
and (6) BlackRock’s ability to attract and retain highly talented
professionals.

The Annual and Semi-Annual Reports and other regulatory filings of the
Funds with the Securities and Exchange Commission (“SEC”) are accessible
on the SEC's website at www.sec.govand on BlackRock’s website at www.blackrock.com,
and may discuss these or other factors that affect the Funds. The
information contained on our website is not a part of this press release.